In Essence, Strategy Is Interaction in Which

question 71

Multiple Choice

In essence, strategy is interaction in which:

• A)​Performance is not the goal.
• B)​Action and reactions lead to competitive advantage.
• C) ​Mutual forbearance is the goal.
• D) ​Competitive performance is the result of collusion.

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Definitions:

National Norms

Refer to the shared expectations and rules that guide behavior of people within a nation, shaping social and cultural norms.

Social Norms

The implicit or explicit rules a group has for the acceptable behaviors, values, and beliefs of its members.

Compliance

Conformity to a social norm prompted by the desire to acquire rewards or avoid punishment.

Organizational Norms

The informal understandings that govern the behavior of members within an organization, establishing the expected standards of conduct.